Weekly Market Minute: 4 May 2016

As always, we are looking back over the last 7-days and the absorption rates are calculated based on sales activity from February 1 of this year.

Remember, the absorption rate reflects the length of time it would take to sell all of the current inventory on the market if no new listings were posted and the current market conditions remained the same.

An absorption rate of between 5 and 7 months is generally considered to be reflective of a balanced market; in other words neither buyer nor seller is favoured.

I welcome you to reach out to me if you have any questions about anything I’ve presented or would like to discuss the market in further detail.

Depending on your circumstances there’s rarely a bad time to buy or sell real estate so if you’re thinking about making a move I encourage you to contact your favourite REALTOR® without delay and of course if you don’t have a favourite REALTOR® I’d love the opportunity!

///…CP

The data relating to real estate on this web site may come in part from the MLS® Reciprocity program of the REALTORS® Association of Edmonton. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2019 by the REALTORS® Association of Edmonton. All rights reserved - Listing data updated on February 22, 2019.